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Nomura seeks US fund management acquisitions as part of global expansion

Nomura seeks US fund management acquisitions as part of global expansion

By Anton Bridge TOKYO, May 29 (Reuters) - Japan's Nomura Holdings is looking for acquisition targets for its investment management business in the U.S. to build on last year's $1.8 billion buyout of Macquarie's U.S. and European public asset management businesses, its chief executive said on Friday.

Yen back in danger zone as Tokyo officials keep investors on edge

Yen back in danger zone as Tokyo officials keep investors on edge

By Noriyuki Hirata TOKYO, May 29 (Reuters) - As Japan's yen drifts back to levels that prompted official intervention a month ago, markets are sizing up Tokyo's remaining financial firepower and political will to defend its ailing currency.

Morning Bid: Another day, another Iran deal moment

Morning Bid: Another day, another Iran deal moment

A look at the day ahead in European and global markets from Tom Westbrook A weekend wait looms over markets as sources have told Reuters that the U.S. and Iran have reached an agreement to extend their ceasefire and reopen the Strait of Hormuz, with the crucial final step now resting with U.S.

Analysis-BOJ may heed calls to pause bond taper next year

Analysis-BOJ may heed calls to pause bond taper next year

By Leika Kihara TOKYO, May 29 (Reuters) - Bond market volatility is boosting the case for Japan's central bank to pause the unwinding of its massive debt holdings next fiscal year, which would give Prime Minister Sanae Takaichi some relief amid growing investor concerns about her spending plans.

Core inflation in Tokyo slows, stays below BOJ goal

Core inflation in Tokyo slows, stays below BOJ goal

By Leika Kihara TOKYO, May 29 (Reuters) - Annual core inflation in Japan's capital hit 1.3% in May, data showed on Friday, staying below the central bank's 2% target for a fourth straight month as fuel and education subsidies offset rising raw material costs from the U.S.-Israeli war on Iran.

OpenAI gives Japan banks access to latest model, Japan's finance minister says

OpenAI gives Japan banks access to latest model, Japan's finance minister says

By Leika Kihara TOKYO, May 29 (Reuters) - OpenAI has given some Japanese financial institutions access to its GPT-5.5 model to help prevent cyberattacks, Japanese Finance Minister Satsuki Katayama said on Friday after a meeting with the U.S. company's chief strategy officer.

Morning Bid: Deal or no deal

Morning Bid: Deal or no deal

By Anna Szymanski May 29 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Japan spent $73 billion in yen-buying intervention, ministry data shows

Japan spent $73 billion in yen-buying intervention, ministry data shows

By Kevin Buckland TOKYO, May 29 (Reuters) - Japanese authorities spent 11.7 trillion yen ($73.5 billion) intervening in foreign exchange markets over the past month to support the yen, but with only limited effect as the currency hovers near the same levels that prompted Tokyo to act.

Foxconn has immense confidence in growth momentum due to AI, chairman says

Foxconn has immense confidence in growth momentum due to AI, chairman says

NEW TAIPEI, Taiwan, May 29 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics manufacturer, has immense confidence in its growth momentum because of soaring AI demand, Chairman Young Liu said on Friday.

Japan banks battle to secure deposits as savers chase market highs

Japan banks battle to secure deposits as savers chase market highs

By Miho Uranaka and Anton Bridge TOKYO, May 28 (Reuters) - Japanese banks are, in a historic shift, competing to shore up their deposit base as lending opportunities grow and consumers, seeking to beat inflation, shift their savings into a booming stock market.

Japan to issue 'bridging bonds' to fund investment schemes, Nikkei says

Japan to issue 'bridging bonds' to fund investment schemes, Nikkei says

By Leika Kihara and Tamiyuki Kihara TOKYO, May 28 (Reuters) - Japan plans to issue "bridging bonds" to fund the administration's flagship programmes aimed at boosting investment in growth and economic security areas, the Nikkei newspaper reported on Thursday.

Foreign investors buy Japanese stocks for eighth week on AI rally

Foreign investors buy Japanese stocks for eighth week on AI rally

May 28 (Reuters) - Foreign investors bought Japanese stocks for the eighth straight week through May 23, as oil prices eased and AI-related shares rallied on robust demand outlook.